Key Points:
- The total net inflow of Bitcoin spot ETFs reached $235 million, with Fidelity’s FBTC contributing $104 million and BlackRock’s IBIT adding $97.88 million.
- Ethereum spot ETFs recorded no inflow or outflow on October 7, marking the second time no movement since launch.
On October 7, Bitcoin Spot ETF inflows reach $235M, with Fidelity’s FBTC at $104M and BlackRock’s IBIT at $97.88M. Ethereum ETFs had zero net flow.
Bitcoin Spot ETF Inflows Surge with $235 Million on October 7
On October 7, Bitcoin Spot ETFs recorded the largest net inflow of $235 million. Fidelity’s FBTC led the charge at $104 million followed by BlackRock’s IBIT at $97.88 million.
The influx in inflows only underlines the growing interest in Bitcoin ETFs, while Ethereum Spot ETFs sat in stasis for the second time since launch with zero inflows or outflows.
Read more: Bitcoin Spot ETF Inflows Skyrocket to $25M, Asset Ratio Soars at 4.68%!
Fidelity and BlackRock Drive Massive Bitcoin Spot ETF Inflows
Meanwhile, Fidelity’s FBTC and BlackRock’s IBIT dominated Bitcoin Spot ETF inflows with $104 million and $97.88 million on October 7, respectively, while the total net flow was $235 million, showing how institutional investors remain highly interested.
In the same period, Ethereum Spot ETFs didn’t report any action, marking the second day since the product launched that there haven’t been any net flows.
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Source: https://coincu.com/286151-bitcoin-spot-etf-inflows-reaches-235m